Equity capital markets
Activity rebounded this week, with a total of $5.3 billion raised from 15 issues in the region’s equity capital markets. That is almost double the $2.9 raised billion through 27 deals achieved in the previous week. Hui Xian Reit’s $1.6 billion IPO drove volume — the deal is the second-largest Asia (ex-Japan) IPO so far this year, behind Hutchison Port Holdings’ $5.5 billion offering priced in March.
Three bookrunners handled Hui Xian’s IPO, helping HSBC to move into the top 10 from 15th with $1.7 billion of deal credit in total this year. Bank of China and Citic Securities were the other bookrunners.
Goldman Sachs continues to dominate the league table ranking with $5.3 billion, while UBS has jumped to second place thanks to a $965 million IPO for Power Diversity Automobile Trade.
A $453 million IPO for Yuanda China Holdings through Bank of China, Deutsche Bank, JP Morgan and Standard Chartered is set to price next week.
Top 10 Asia ex-Japan ECM bookrunner rankings
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Debt capital markets
The debt capital markets saw a total of $2.6 billion raised from six trades this week, bringing YTD total to $36.3 billion, up 64% from the comparable 2010 period. HSBC maintains the top ranking in the league table with $4.6 billion, followed by Standard Chartered with $2.6 billion.
The largest deal of the week was a $1.9 billion bond for CNPC (HK) Overseas Capital through Standard Chartered, Deutsche Bank, ICBC, HSBC, Bank of China, Citi and Bank of America Merrill Lynch. The deal is also the fourth-biggest Asia (ex Japan) bond to price this year.
Guangzhou R&F Properties also raised a $550 million through bookrunners Goldman Sachs, Morgan Stanley, Credit Suisse and Citi.
Top 10 Asia ex-Japan DCM bookrunner rankings
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